Key Investment Insights
AI generated. Confirm details with the seller.
1. Low purchase multiplier of 3.96, indicating relatively low price relative to earnings in Brisbane inner-city fringe.
2. Net profit $133,741, demonstrating clear profitability.
3. Stable body corporate salary $106,715 plus GST, comprising a large share of total net income.
4. Asking price $1,780,000, inclusive of Managers Real Estate.
5. Managers apartment valued at $1,250,000, with 2 bedrooms, 2 bathrooms, 2 secure car spaces, on-title office and 2 large balconies.
6. Extremely light operational workload, minimal garden and almost no grass, described as easy and straightforward to manage.
7. All permanent rentals with a small letting pool of six units, implying low tenant turnover and simplified lettings.
8. Agreement term 25 years with 20 years remaining, providing long-term income stability.
9. Multiple clear growth channels identified, including sales commissions and repair services.
10. Highly supportive body corporate committee, indicating cooperative governance and potentially smoother operations.
11. Strong location appeal in Milton and Brisbane’s premier precinct, within walking distance to shops, restaurants, medical centres, pharmacy and public transport.
12. Complex amenities include a pool and BBQ area, adding lifestyle value for residents and marketing appeal.
Management Rights Multiplier: 3.96
ROI Estimate: 7.51%
